The man can't keep his mouth shut, he's paid how much in fines to NBA? His kind of arrogance and Narcissistic Entitlement will have lies flying from his trap. I love the post just below the SEC one on his blog....."I hate to lose"....hate to lose basketball, hate to lose money, hate to lose whatever...........He thinks he's smarter, richer and better. If he opens his mouth wide enough he will stick his big, fat, goofy foot in it.
If there is criminal cause, the SEC will turn it over to Justice. Keep your fingers crossed. And, he 'saved' 750g's by selling. It was a ten percnet move. Some, because he leaned on it, no doubt. It is insider trading, and there is a precedent. Hilliary Shane. Difference is, this is long selling. Very easy to prove. Most of the time, they just naked short it, knowing they can get cheap stock from the company. This is different.
Wasn't Cuban that prick that proposed some kinda 5 cent (or was it 50 cent) per transaction stamp duty for US stock exchanges in order to weed out 'illegal speculation' and 'improper trading techniques'? Good riddance.
BTW, this dates back to 2004. The SEC is really on the ball here as usual. Reminds me of when they charged Jordan Mintz from Enron (who was also an internal whistle blower) with civil charges 6 years after Enron collapsed. The SEC makes me feel more and more protected every day. Before long, they will actually be investigating things that happened in the same year... wouldn't that be nice?
What took them four years to discover? And to think their source is his own blog. That is witch-hunting! Should probably tell folks to be careful what they say on public forums.
As far as I remember Martha went to jail for obstruction of justice not for insider trading. Never mind - someone else pointed that out already.